Exide Q4 net up 15% at Rs 1.9 bn, revenue from operations at Rs 94 bn

The company had posted a standalone net profit of Rs 1.64 billion in the same quarter previous financial year.

Battery maker Exide Industries on Monday reported 15.4 per cent increase in standalone net profit at Rs 1.89 billion (189.56 crore) for the fourth quarter ended on March 31, 2018.

The company had posted a standalone net profit of Rs 1.64 billion (164.26 crore) in the same quarter previous financial year, Exide Industries said in a BSE filing.

During the quarter under review, revenue from operation was at Rs 24.59 billion (2,459.41 crore). It stood at Rs 22.04 billion (Rs 2,204.33 crore) in the year-ago period.

Post the implementation of GST from July 1, 2017 revenue from operations are disclosed net of GST, accordingly the revenue from operations and other expenses for the quarter and year ended March 31, 2018 are not comparable with the previous corresponding period, it said.

For the financial year ended March 3, 2018, the company said its net profit was at Rs 6.68 billion (Rs 668.35 crore) as against Rs 6.93 billion (Rs 693.64) crore, down 3.65 per cent.

For the full year, revenue from operations was at Rs 94.59 billion (Rs 9,459.80 crore). It was at Rs 85.53 billion (Rs 8,553.74 crore) in the previous financial year. 

The board has also recommended a final dividend of 80 paisa per share subject to shareholders' approval in the upcoming AGM, it added.

Together with interim dividend of Rs 1.6 per share paid on November 7, 2017, the total dividend for the year works out to be Rs 2.4 per share. it said.

Shares of Exide Industries were trading at Rs 264.20 apiece in afternoon trade, up 6.28 per cent from the previous close on BSE.